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In March 1986, Allister purchased an apartment building for $950,000. He depreciated the building using ACRS and claimed a total of $950,000 depreciation before selling

In March 1986, Allister purchased an apartment building for $950,000. He depreciated the building using ACRS and claimed a total of $950,000 depreciation before selling the building on December 31, 2020 for $1,000,000. Straight-line depreciation would have been $950,000. 



What is the realized gain and how will it be recognized?

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